Correlation Analysis Between BCEX Ethereum and OKCoin Ethereum

This module allows you to analyze existing cross correlation between BCEX Ethereum USD and OKCoin Ethereum USD. You can compare the effects of market volatilities on BCEX Ethereum and OKCoin Ethereum and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in BCEX Ethereum with a short position of OKCoin Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BCEX Ethereum and OKCoin Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

BCEX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
OKCoin Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

BCEX Ethereum and OKCoin Ethereum Volatility Contrast

BCEX Ethereum USD  vs.  OKCoin Ethereum USD

BCEX

Ethereum on BCEX in USD

 836.72 
0.00  0.00%
Market Cap: 55.2 M
  

OKCoin

Ethereum on OKCoin in USD

 197.17 
0.00  0.00%
Market Cap: 2.1 M
 639.55 
76.44% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in OKCoin Ethereum USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding OKCoin Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BCEX Ethereum and OKCoin Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for BCEX Ethereum and OKCoin Ethereum

BCEX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BCEX Ethereum USD and OKCoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Ethereum USD and BCEX Ethereum is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on BCEX Ethereum USD are associated (or correlated) with OKCoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Ethereum USD has no effect on the direction of BCEX Ethereum i.e. BCEX Ethereum and OKCoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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